Checks Paid to Cash

How do I enter a check paid to Cash?

If you work with cash, set up one or more Cash accounts to track the money.

When you write a check to 'cash' or withdraw cash from a bank account, follow these steps to update your accounts:

1. Choose Checking Transactions from the Bank menu, and choose an account from the submenu.
2. Click the New button.
3. If this is a withdrawal from a teller or ATM, enter Transfer Out into the Type field at the top of the window. Otherwise leave it as Bank Check.
4. Enter Cash into the Pay To popup field, and enter a Cash account into the Account field.
5. Enter the amount.
6. Click the Enter key to save the record.

Goldenseal accounting software will automatically deduct the check amount from your Checking account, and add it to the Cash account.

When you use the cash to pay for expenses, you'll enter a cash purchase, which deducts money from the cash account.

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